What kind of lease does Churchill Retirement Living have?

As is common with all apartment buildings, Churchill Retirement Living apartments are sold on a leasehold basis. All new apartments released for sale from January 2018 onwards will be sold with a 999 year lease. Apartments released for sale prior to January 2018 are sold with a 125 year lease.

Is there a place to live in Churchill?

However you plan to spend your retirement, Churchill Retirement Living has the perfect place for you. Churchill Retirement Living has been a family-run Company for over 23 years. We specialise in building beautiful, purpose-built retirement apartments for the young at heart. Thinking retirement…think Churchill.

How much did the Churchill family sell their home for?

They paid £186,950, after having sold their three-bedroom family home in nearby Emsworth for £220,000. The process was handled by Millstream, Churchill’s management and estate agency branch. But since May the property has been up for re-sale and is now priced at £181,000, with estate agents urging further reductions to £175,000.

How old do you have to be to buy a Churchill apartment?

At least one of the Owners living in the apartment must be aged over 60, with the partner being over 55. How do I buy a retirement apartment? Simply visit a Churchill development of your choice.

Can you sell your apartment at Churchill Retirement Living?

Yes, you can sell your apartment at any time on the open market or through our preferred retirement property agent – Stratton & King. The apartment is owned by you and you do not need to ask permission to sell it. You will have no transfer (exit) fee to pay as Churchill Retirement Living does not charge this fee.

Why is Churchill Retirement a big managing agent?

Although Churchill Retirement corresponded with Campaign against retirement leasehold exploitation on this issue, it declined to make a statement. Big managing agents, which manage flats, are big because they have got business from developers or large-scale freehold owing companies.

How much does Churchills estate agency charge per cent?

Churchill’s estate agency charging three per cent is absurdly high, but it is in line with what Peverel’s Retirement Homesearch gets away with. This is an area where more healthy competition would bring benefit to the retirement sector, and should be the subject of attention by the Competition and Markets Authority.